Breaking News Overnight
Yes, it's rare that so much panic news happens overnight at once. First things first:
— The Huobi exchange token is down 75% momentarily;
— U.S. banking stocks are also down heavily;
— CEX Kucoin, a cryptocurrency exchange, is being sued;
— Ethereum is rumored to be recognized as a security.
And, of course, BTC went down to ~$20,000. In such turbulence it's better to wait for a while and not to invest big amounts in coins, trade on minimal investments.
I'm sure that those who bought bitok even at 23-25k now just in a panic -) but this is crypto, this is normal.
Better to observe for now, like I said, sitting on the fence is also a position.
